It is a possibility that Congress could decide to appropriate zero funding for GA, despite the provisions of the reauthorization bill. The upside (no, not really) is that decision would maintain the perfect zero-funding record held by all other GA relief bills that have wandered in and out of Congress for the past two years, but have so far produced no cash in the pockets of business owners. The only assistance forthcoming to GA businesses has been through the Small Business Administration, which offers loans for up to $1.5 million, with terms of up to 30 years at 4 percent, for businesses hurt by the terrorist attacks and aftermath. With the federal deficit inching toward a record half-trillion dollars, prospects for change anytime soon seem remote.
…And An Uncertain Bottom Line
Key Takeaways:
- Congress is expected to provide zero direct funding for General Aviation (GA), continuing a two-year trend of GA relief bills failing to appropriate any cash.
- The only financial assistance available to GA businesses has been through Small Business Administration (SBA) loans, offering up to $1.5 million at 4% over 30 years for those affected by terrorist attacks.
- Prospects for any direct federal funding for GA are remote due to the growing federal deficit.
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